Added to YB: 2024-03-27
Pitch date: 2024-01-12
PPL [bullish]
PPL Corporation
+54.8%
current return
Author Info
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Company Info
PPL Corporation provides electricity and natural gas to approximately 3.6 million customers in the United States.
Market Cap
$28.0B
Pitch Price
$25.01
Price Target
34.79 (-10%)
Dividend
3.06%
EV/EBITDA
13.10
P/E
23.43
EV/Sales
5.14
Sector
Electric Utilities
Category
value
Show full summary:
ClearBridge Investments Value Equity Strategy New Position: PPL Corporation
PPL: Utility serving 3.5M in eastern US. Constructive regulation, strong balance sheet, good earnings growth. Bought at 13x earnings after 30% drop from 2023 highs, 30% upside to fair value estimate. Compelling entry for defensive bond proxy.
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